{
  "url": "https://openlegislation.uk/water-industry-special-administration-england-and-wales-rules-2024/rule-98",
  "json_url": "https://openlegislation.uk/water-industry-special-administration-england-and-wales-rules-2024/rule-98.json",
  "legislation": "uksi/2024/229",
  "legislation_title": "The Water Industry (Special Administration) (England and Wales) Rules 2024",
  "legislation_url": "https://openlegislation.uk/water-industry-special-administration-england-and-wales-rules-2024",
  "path": "rule/98",
  "kind": "rule",
  "number": "98",
  "heading": "Secured creditor: value of security (rule 14.15)",
  "text": "Rule 14.15 has effect as if—\n(a) for paragraph (2) there were substituted—\n“(2) Where a secured creditor has voted in respect of the unsecured balance of the debt—\n(a) the secured creditor may re-value the security only with the agreement of the special administrator or the permission of the court; and\n(b) where the revaluation was by agreement, the special administrator must deliver a notice of the revaluation to the creditors within five business days of the special administrator’s agreement.”;\n(b) paragraph (3) were omitted.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/229/rule/98",
    "retrieved_at": "2026-10-28T21:34:07.652310+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}